loader
Join Free
Views: 62 DOM: 85 Updated: 11.30.23 Posted: 07.08.23 Status: Sold 10.02.23

Summary

Price $2,225,000 $2,395,000
Built/Renov 2011
Tenant Wendy's
Cap Rate 5.22% 4.85%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 3,276
Lease Start 07-02-2018
#Units 90
Price/SF $679.18 $731.07
Expiration 07-31-2038
Tenant Type Fast Food/QSR
NOI $116,105
R. Term 14.0
Ownership Fee Simple
Rent/SF $35.44
Increases 10.0%/5/yrs
Pop 5Mi 52,828
Lot/AC 2.12
Options 1/10yrs/10%
AHHI 5Mi $73,753

Lease Highlights

  • Tenant has 15 years remaining on its current lease term with 1 (10-year) option to extend
  • 10% Increases every 5 years
  • Absolute NNN | Zero Landlord Responsibilities
  • Income tax-free state
  • Franchisee guaranteed by Gold Coast Holdings

Location Description

The site is conveniently located with excellent visibility on the corner of Commerce Parkway and Moody Boulevard with prominent street visibility and direct access to 45,000 VPD. The subject property is surrounded by a strong mix of local and national retailers including Target, Ulta, Publix, TJ Maxx, Petsmart, Ross, Michaels, ALDI, Tractor Supply, McDonald’s, and Walgreens among others. The...

...

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Wendy's is an American international fast food restaurant chain founded by Dave Thomas in 1969, in Columbus, OH. The Wendy’s Company, together with its subsidiaries, operates as a...


...

Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 3,691 32,833 63,446
2023 Total Population : 3,518 27,014 56,162
2023 Employed Civilian Pop : 1,165 10,388 23,002
2023 Total Businesses : 283 980 1,367
2023 Average Household Income : $ 76,359 $ 83,167 $ 86,466
2023 Total Consumer Spending : $ 107 M $ 764 M $ 1673 M
2023 Median Age : 49 42 43
2023 Total Households : 1,617 10,604 22,324
2023 Pop Age 25+: Bachelor's Degree : 455 2,938 6,829
2023 Average Home Value : $ 317,291 $ 299,240 $ 309,486
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
E Hwy 100 Utility St 2008 13,600 0.49 mi
FL 100 Briarwood Path 2021 12,400 0.52 mi
East Moody Boulevard N Palmetto St 2021 12,200 0.67 mi
E Hwy Belle Terre Pkwy 2008 13,544 0.97 mi
Easthampton Boulevard Ehrling Ln 2021 1,300 1.14 mi
State Street E Booe St 2021 12,100 1.18 mi
Belle Terre Boulevard Zebulahs Trl 2021 5,300 1.19 mi
Belle Terre Boulevard Zebulahs Trl 2019 5,500 1.19 mi
E Hwy 100 S Church St 2008 12,700 1.21 mi
S State St E Ct Ave 2008 14,100 1.23 mi

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

NEWSLETTER SIGN UP

Subscribe
my activity